Metaplanet Doubles Down: $130M Loan to Buy More BT Despite $643M Loss – Bold or Reckless?

Metaplanet, Japan’s largest corporate Bitcoin holder, secured a new $130 million loan to purchase additional BTC despite sitting on over $635 million in unrealized losses. The company disclosed the borrowing in a November 21 filing under a previously established $500 million credit facility announced in late October. The lender remains undisclosed at the counterparty’s request. According to the filing, the loan carries a floating interest rate, renews daily, and can be repaid at any time. It is fully sec ...